2. RE: Purchase Price Variance

The Received Not Invoiced (RNI) report works just fine to reconcile the Unrealized Purchase Price Variance account (UPPV) typically a balance sheet account.You do need to add a column in Report Writer to the RNI report for the UPPV variance. (Received Cost - Standard Cost) * Qty Received and make it conditional for the standard cost items eg. valuation method = FIFO Periodic. Put a sum at the bottom for this column and you can now reconcile both RNI and UPPV accounts from the same RNI report.